During the first quarter of 2019, year-over-year GDP growth increased by 0.04 p.p. to 2.37%. External demand drove GDP growth this quarter. In the labor market, the unemployment rate rose by 0.25 p.p. compared to the previous quarter, to 14.70%. On the other hand, employment registered a year-over-year growth of 3.16% this quarter, 0.18 p.p. higher than in 4Q18. In terms of prices, inflation stood at 1.13%, after a quarterly decline of 0.60 p.p. Regarding the exchange rate, the euro stagnated against the dollar in 1Q19, remaining at 1.14 $/€.
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